Gas Network and Market: à la carte?
The institutional setting of open gas networks and markets is revealing considerably diverse and diverging roads taken by the US, the EU or Australia. We will show that this is explained by key choices made in the liberalization process. This liberalization is based on a redefinition of the property rights associated with transmission grid usage. That leads to different systems for the transmission services, as well as for the gas commodity trade, which in turn depends on the network services to get any market deal actually implemented. Not only do those choices depend on the physical architecture of the network, but also the perceived difficulties and costs to coordinate the actual transmission services through certain market arrangements.
|Date of creation:||Oct 2013|
|Contact details of provider:|| Postal: Convento, Via delle Fontanelle, 19, 50014 San Domenico di Fiesole (FI) Italy|
Web page: http://www.eui.eu/RSCAS/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Larry E. Ruff, 2012. "Rethinking Gas Markets--and Capacity," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 3).
- Edella Schlager & Elinor Ostrom, 1992. "Property-Rights Regimes and Natural Resources: A Conceptual Analysis," Land Economics, University of Wisconsin Press, vol. 68(3), pages 249-262.
- Barzel, Yoram, 1982. "Measurement Cost and the Organization of Markets," Journal of Law and Economics, University of Chicago Press, vol. 25(1), pages 27-48, April.
- Riordan, Michael H. & Williamson, Oliver E., 1985. "Asset specificity and economic organization," International Journal of Industrial Organization, Elsevier, vol. 3(4), pages 365-378, December.
- Hubbard, R Glenn & Weiner, Robert J, 1992.
"Long-Term Contracting and Multiple-Price Systems,"
The Journal of Business,
University of Chicago Press, vol. 65(2), pages 177-198, April.
- R. Glenn Hubbard & Robert J. Weiner, 1991. "Long-Term Contracting and Multiple-Price Systems," NBER Working Papers 3782, National Bureau of Economic Research, Inc.
- Aad Correljé & Martijn Groenleer & Jasper Veldman, 2013. "Understanding institutional change: the development of institutions for the regulation of natural gas transportation systems in the US and the EU," RSCAS Working Papers 2013/07, European University Institute.
- repec:dau:papers:123456789/5372 is not listed on IDEAS
- Shy,Oz, 2001. "The Economics of Network Industries," Cambridge Books, Cambridge University Press, number 9780521805001.
- Shy,Oz, 2001. "The Economics of Network Industries," Cambridge Books, Cambridge University Press, number 9780521800952, February.
- Libecap, Gary D., 1986. "Property rights in economic history: Implications for research," Explorations in Economic History, Elsevier, vol. 23(3), pages 227-252, July.
- Michelle Hallack & Miguel Vazquez, 2012. "The impact of who decides the rules for network use: A 'common pool' analysis of the investment dynamics in different gas network regulatory frames," RSCAS Working Papers 2012/52, European University Institute.
- Masten, Scott E & Crocker, Keith J, 1985. "Efficient Adaptation in Long-term Contracts: Take-or-Pay Provisions for Natural Gas," American Economic Review, American Economic Association, vol. 75(5), pages 1083-1093, December.
- Miguel Vazquez & Michelle Hallack & Jean-Michel Glachant, 2012. "Designing the European Gas Market: More Liquid & Less Natural?," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 3).
- Alfred E. Kahn, 1988. "The Economics of Regulation: Principles and Institutions," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262610523, July. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:rsc:rsceui:2013/73. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RSCAS web unit)
If references are entirely missing, you can add them using this form.